Coin Edition -
- French cryptocurrency ownership is higher than French stock or ETF ownership.
- Binance CEO noted the disparity in ETF appeal in French men compared to Americans.
- Some argue Americans are crazy about ETFs because of their potential influence on crypto prices.
It has been revealed that the surge in crypto interest has infused a “You Only Live Once” (YOLO) spirit into the French investment landscape. A recent study examining the investment attitudes of the French population reveals that almost 25% possess some form of investment.
Notably, a higher percentage of French individuals own cryptocurrencies, unlike those holding stocks or exchange-traded funds (ETF). In particular, the data noted that, of the surveyed French investors, 9.4% hold crypto compared to 7.3% in stocks and 2.4% in ETFs.
This figure implies they hold crypto at least 4.5 times more than they do for ETFs. This lower interest in ETFs observed among French investors has sparked contrasting debates about ETF appeal with Americans. One of the leading commenters was Changpeng Zhao, the CEO of the largest crypto exchange, Binance.
Zhao remarked: “I guess ETF is a big deal in the US, but not elsewhere.”
I guess ETF is a big deal in the US, but not elsewhere. https://t.co/LkIURMNEVT— CZ